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Good News Group
In this Group: Elizabeth, Charlotte, Mercy, Alice, Mary
Elizabeth is 54 years old. She is married and has given birth to two children. Both children are attending elementary school in the community where they live. Elizabeth sells food cereals such beans, maize and groundnut. She has been in this business for more than 10 years now. She buys her goods from the wholesalers in her community and sells to food vendors. She says she sells at the market square. She wants a loan to increase her working capital so that her dream of buying goods in bulk can be achieved. In this way, she can supply to a large number of customers to increase her market size, and hence, her profit margin.

She is the leader of a trust bank group called "Good News." She is the one sitting in the middle in the group photograph. Most of the members of this group are petty traders, food vendors and farmers. In this group, members guarantee for one another as social collateral to access the loan and peer pressure to repay the loan.

Additional Information

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Ghana

  • $2,643
    Average annual income
  • 7
    View loans »
    Ghana Loans Fundraising
  • $10,847,300
    Funds lent in using Kiva
  • 1.5
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Good News Group's $2,000 loan helped a member to buy cereals like maize, beans, etc., in bulk.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 11, 2009
Listed
Sep 1, 2009
Currency Exchange Loss:
Possible
Ended:
Mar 26, 2010